Federal Reserve Chairman Powell Says He Won’t Resign If Asked by Trump

The central bank chair’s comment was the first he’s made after Trump was elected the 47th president.

Then-President Donald Trump looks on as his nominee for the chairman of the Federal Reserve, Jerome Powell, takes to the podium during a press event in the Rose Garden at the White House in Washington on Nov. 2, 2017. Drew Angerer/Getty Images

Federal Reserve Chairman Jerome Powell on Thursday said that he would not step down from his position if President-elect Donald Trump asked him to do so.

During his presidential campaign, Trump floated the idea of removing Powell from his position at the central bank. Powell was nominated by Trump during his first term in office, but the pair did clash during Trump’s presidency.